Seizert Capital Partners LLC Buys Shares of 84887 Columbus McKinnon Corp. (CMCO)
- Author: Zachary Reyes Jun 01, 2017,
Jun 01, 2017, 9:07
Its up 0.23, from 1.57 in 2016Q3.
Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Columbus McKinnon Corporation (NASDAQ:CMCO). Highbridge Capital Management LLC purchased a new stake in shares of Columbus McKinnon Corp. during the fourth quarter valued at $212,000. (NASDAQ:EBAY), its shares were trading at $34.62 a retreat of $-0.28, on the trading floor. (NASDAQ:CMCO) for 997 shares. Tiaa Cref Invest Ltd Liability Company holds 0% or 85,417 shares in its portfolio. Alliancebernstein Ltd Partnership invested in 8,700 shares. Essex Management Ltd Liability owns 31,621 shares. They expect $0.38 earnings per share, up 2.70% or $0.01 from last year's $0.37 per share.
Current levels places Columbus McKinnon Corporation (NASDAQ:CMCO)'s stock about 0.47% from the 50-day high and 20.17% away from the 50-day low. Sidoti upgraded the shares of CMCO in report on Thursday, January 26 to "Buy" rating. Punch Associate Invest Mgmt reported 30,609 shares stake.
The industrial products company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.06.
Rutabaga Capital Management Llc increased Ashford Hospitality Trust Inc (NYSE:AHT) stake by 66,250 shares to 1.49M valued at $11.55M in 2016Q4. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon Corp. and related companies with MarketBeat.com's FREE daily email newsletter. About shares traded. Columbus McKinnon Corp. Sigma Planning holds 0.04% or 61,928 shares in its portfolio. Columbus McKinnon Corp.'s quarterly revenue was up 18.4% on a year-over-year basis. For the last period, the company reported quarter over quarter EPS growth of -93.10% and quarter over quarter sales growth of -4.50%. This translates into $8.82M profit for CMCO giving the stock a 16.55 P/E. The fund purchased 84,887 shares of the industrial products company's stock, valued at approximately $2,107,000.
Columbus McKinnon's loss of 22 cents per share, compared with a profit of $5.9 million, or 29 cents per share, in the same quarter a year ago, stemmed from almost $18 million in expenses related to its acquisition of Stahl CraneSystems and the retirement of former CEO Timothy T. Tevens. (NASDAQ:CMCO) has risen 68.84% since May 30, 2016 and is uptrending. It has outperformed by 52.14% the S&P500.
As the earnings date approaches, we can see that insider ownership is now 4.70% shares, and institutional ownership is at 86.90% for Columbus McKinnon Corporation (NASDAQ:CMCO) stock. Therefore 67% are positive.
Columbus McKinnon Corporation is a global designer, maker and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. They now have a Dollars 35 price target on the stock. Apollo Investment had 15 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Zacks on Monday, September 21 to "Sell". Sidoti downgraded the stock to "Neutral" rating in Wednesday, December 7 report. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. The company was downgraded on Friday, January 15 by Seaport Global Securities. The rating was upgraded by Sidoti to "Buy" on Wednesday, July 29. Seaport Global Securities upgraded Columbus McKinnon Corp.
Seaport Global Securities downgraded Columbus McKinnon Corp. The company has market cap of $352.91 million. Blackrock Advisors Limited Company stated it has 0% in Columbus McKinnon Corp.